Nasdaq Inc (NASDAQ:NDAQ) – Jefferies Group boosted their Q4 2017 earnings per share (EPS) estimates for Nasdaq in a report issued on Tuesday, according to Zacks Investment Research. Jefferies Group analyst D. Fannon now forecasts that the financial services provider will post earnings of $1.01 per share for the quarter, up from their prior estimate of $1.00. Jefferies Group currently has a “Hold” rating and a $83.50 target price on the stock. Jefferies Group also issued estimates for Nasdaq’s Q1 2018 earnings at $1.16 EPS, Q2 2018 earnings at $1.22 EPS, FY2018 earnings at $4.91 EPS and FY2019 earnings at $5.33 EPS.
Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.00 by $0.05. The company had revenue of $635.00 million during the quarter, compared to analyst estimates of $628.36 million. Nasdaq had a net margin of 18.49% and a return on equity of 12.75%. Nasdaq’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 earnings per share.
Several other research analysts have also commented on the stock. Bank of America lifted their price objective on shares of Nasdaq from $79.00 to $82.00 and gave the stock an “underperform” rating in a research note on Thursday, February 1st. BidaskClub lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. Zacks Investment Research lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Wells Fargo & Co reissued a “market perform” rating and set a $83.00 target price (up from $77.00) on shares of Nasdaq in a research note on Wednesday, January 10th. Finally, ValuEngine lowered shares of Nasdaq from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $81.86.
Nasdaq (NASDAQ:NDAQ) traded up $0.90 during midday trading on Thursday, reaching $76.11. 1,680,000 shares of the company’s stock traded hands, compared to its average volume of 1,192,602. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 1.15. The stock has a market capitalization of $12,651.46, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.63 and a beta of 0.71. Nasdaq has a 52 week low of $65.98 and a 52 week high of $83.29.
Institutional investors have recently made changes to their positions in the business. Delta Asset Management LLC TN raised its holdings in Nasdaq by 6,087.0% in the fourth quarter. Delta Asset Management LLC TN now owns 1,423 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 1,400 shares in the last quarter. Invictus RG bought a new position in Nasdaq in the third quarter worth about $111,000. YorkBridge Wealth Partners LLC raised its holdings in Nasdaq by 13.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,454 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 178 shares in the last quarter. Cerebellum GP LLC bought a new position in Nasdaq in the fourth quarter worth about $125,000. Finally, Penserra Capital Management LLC raised its holdings in Nasdaq by 85.5% in the fourth quarter. Penserra Capital Management LLC now owns 2,220 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 1,023 shares in the last quarter. Institutional investors and hedge funds own 76.11% of the company’s stock.
In related news, insider Pc Nelson Griggs sold 1,396 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $74.72, for a total value of $104,309.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradley J. Peterson sold 19,169 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $80.70, for a total transaction of $1,546,938.30. Following the completion of the sale, the insider now directly owns 32,214 shares of the company’s stock, valued at $2,599,669.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,097 shares of company stock valued at $2,657,090. 1.60% of the stock is owned by insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, March 15th. Nasdaq’s dividend payout ratio (DPR) is presently 35.19%.
Nasdaq declared that its Board of Directors has approved a share buyback program on Monday, January 29th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
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Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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